Offering Endless Possibilities For Future ASEAN – India Business
In conjunction with Malaysia’s role as chair of ASEAN, ASEAN India Business Forum 2015 on May 21st held by offering endless possibilities for future ASEAN India business binds. It’s organized by Asean-India Business Council (AIBC) and sustained by the Ministry of International Trade and Industry (MITI).
Some 500 delegates from all 10 ASEAN countries are expected to attend the forum held at MATRADE Centre, Kuala Lumpur. The forum will reveal the approaching details on the ASEAN-INDIA Comprehensive Economic Cooperation Agreement (CECA) as well as providing a wide-ranging channel to identify with guiding principles and business amenities obtainable. Professional speakers will share their tips and advice on appeal appropriate authorities and trade partners and as well the Do’s and Don’ts of the industry for conducting business in a land new to many can be frightening.
The forum act as podium into a relatively unexploited market that has proven its potential over the years especially in numerous sectors including Skills Development, Food and Agriculture Processing, Urban Infrastructure, Energy and Renewable Power as well as the Biotech and Tourism industries.
At the 10th ASEAN – India Summit in November 2012, leaders has set target of US$100 billion by 2015 for ASEAN – India trade. However, in 2013 trade between ASEAN and India decreased by 5.4%, from US$71.8 billion in 2012 to US$67.9 billion. Acknowledging this tendency and recognizing the economic potential of closer partnerships, both sides foresee the opportunities for deepening trade and investment, agreed to negotiate a framework agreement that paved the way for the founding of the ASEAN-Indian Free Trade Area.
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